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Dec 27, 2012
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especially after president obama won the election. senate democratic leadership aide tells me that will remains a 50/50 chance we will get a mini deal temporary extension of tax cuts under $250,000 before the january 1 deadline when we would go over the cliff. will are no assurances of that. a white house official told me as president obama prepares to fly back to conduct and participate in the negotiations at the end, there has been no progress over the holiday weekend. michelle, i'm afraid that people who are looking for a deal and looking for a deal by december 31, all hope is not lost. it is not looking good at the moment. >> let's go back to this hitting the debt ceiling on monday. we learned of this because treasury secretary tim good night mother sent a letter to the honorable harry reid majority leader. and that's where he outline it is fact that in three business days, the summit government is going to run out of borrowing capacity. john, if there were a treasurer in a business who went to their boss and said by the way, thre
especially after president obama won the election. senate democratic leadership aide tells me that will remains a 50/50 chance we will get a mini deal temporary extension of tax cuts under $250,000 before the january 1 deadline when we would go over the cliff. will are no assurances of that. a white house official told me as president obama prepares to fly back to conduct and participate in the negotiations at the end, there has been no progress over the holiday weekend. michelle, i'm afraid...
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Jul 18, 2012
07/12
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to let all the bush obama tax cuts expire at the end of the year. how about that. we'll ask republican senator ron johnson if the gop will go toe to toe over taxes. plus, do entrepreneurs really depend on government for their success? president obama says yes. i say absolutely not. first up, more good news from the housing market. believe it or not the best in four years. is housing a bright spot? let's look at the charts. we are talking about housing starts, construction. all right, folks. it ain't fabulous. if this were hot it would be about 2 million. we are holding at about 750,000 to 800,000 monthly housing starts. it was an improvement over the prior month. it's not fabulous but it's something to hang your hat on. now home builder confidence actually has been doing well for the past year. it's gradually doing better and better. it's something, okay? it's something. at least housing is not going to detract from the economy. it uh may add a little bit to gdp. someone who adds at the margin to economics, famed economist art laffer, chief investme
to let all the bush obama tax cuts expire at the end of the year. how about that. we'll ask republican senator ron johnson if the gop will go toe to toe over taxes. plus, do entrepreneurs really depend on government for their success? president obama says yes. i say absolutely not. first up, more good news from the housing market. believe it or not the best in four years. is housing a bright spot? let's look at the charts. we are talking about housing starts, construction. all right, folks. it...
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Dec 5, 2012
12/12
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. >> business owners with us today are here to highlight president obama's demand to raise tax rates instead of cutting spending. his plan will hurt nearly 1 million small businesses around our country. that will affect hundreds of thousands of jobs. >> reporter: and guys, there are republicans here on capitol hill who are urging the speaker to cut a deal with the president. i talked to one of the earliest republicans to say, you know what, let's take a the president up on his offer to extend the bush tax cuts for everybody under $250,000 and at least take that uncertainty off the table and then continue to negotiate the rest to have later. some of the republicans are now coalessing around that view that they should give into what the president is suggesting, at least temporarily, and continue to negotiate on the rest because there's a lot of political pain here for republicans if we do get to the point where we go over the cliff because of those higher tax rate pateryers, guys. >> all right, eamon. thank you. >> the talk continues, but none of it face to face. be sure to catch a liv
. >> business owners with us today are here to highlight president obama's demand to raise tax rates instead of cutting spending. his plan will hurt nearly 1 million small businesses around our country. that will affect hundreds of thousands of jobs. >> reporter: and guys, there are republicans here on capitol hill who are urging the speaker to cut a deal with the president. i talked to one of the earliest republicans to say, you know what, let's take a the president up on his offer...
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Apr 25, 2012
04/12
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one, you extended tax cuts twice under president obama, so they are your poles. for the first time ever, the united states credit rating was downgraded. in 2007, the president said it was unpatriotic to add 4.6 trillion of debt, you have added more in three years under president obama. if it was unpatriotic then over an eight-year period and you have done more of the in three, that's awe problem. >> i'm glad, sean, you don't have any -- >> you have 700,000 people out of work. >> one at a time. go ahead. brad, can i ask you this? another slamdown line last night. because he has failed, he will run a campaign of diversions, distractions, and distortions. that kind of campaign may have worked in another place at a different time, but not here and now. now, your man doesn't have his own policies. all he does is slam. he slams paul ryan, mitt romney, splamz the supreme court. you know what i'm getting at. a very negative campaign. i don't think that's going to work. and romney challenged him on that very effectively. >> it's working so far. president up 49-45 over rom
one, you extended tax cuts twice under president obama, so they are your poles. for the first time ever, the united states credit rating was downgraded. in 2007, the president said it was unpatriotic to add 4.6 trillion of debt, you have added more in three years under president obama. if it was unpatriotic then over an eight-year period and you have done more of the in three, that's awe problem. >> i'm glad, sean, you don't have any -- >> you have 700,000 people out of work....
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Mar 3, 2012
03/12
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i think there's a good chance that obama lets all these bush tax cuts expire in december 2012 and takes his chances after that. >> let me take the congressman out on a simple point here. i mean, i think we can have a debate about the bush tax cuts, and i think the jury is out. the data is, in fact, not that strong that if you were to let them to expire, that it would shave a couple of points off gdp. that's a fair debate. i think the jury is very out now, and i don't think the evidence is strong. >> you say don't have any evidence. cbo, goldman sachs, every bank. i have all kinds of evidence. >> jimmy, you might learn something if you let other people talk instead of shouting at others. >> i'm not making it up. >> i think that there's overwhelming evidence that if you have sequestration of 1.2 trillion dollars next january, that that will definitely -- >> first off, you have a math problem. >> okay, first off, larry -- larry, we're right there. it's over ten years. i mean, you got a math problem. it's over ten years. >> so it's really not -- >> yes, it is. and the tax cuts happen on a s
i think there's a good chance that obama lets all these bush tax cuts expire in december 2012 and takes his chances after that. >> let me take the congressman out on a simple point here. i mean, i think we can have a debate about the bush tax cuts, and i think the jury is out. the data is, in fact, not that strong that if you were to let them to expire, that it would shave a couple of points off gdp. that's a fair debate. i think the jury is very out now, and i don't think the evidence is...
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Feb 15, 2012
02/12
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buried deep in the obama budget is a massive $350 billion tax hike on business. that's right. it also includes $150 billion on offshore profits, another tax. these would be the biggest corporate tax hikes in the history of the earth. now, standing by to join us this evening, house budget chairman paul ryan. he's going to tell us how to stop all this and how to save america. but we begin tonight with some breaking news on another big tax story. this time we go back to the social security payroll tax holiday. we welcome back luke russert who joins us from capitol hill. i hear breaking news, the payroll tax holiday is moving forward, making progress in the conference. what can you tell me? >> that's right indeed, larry. the payroll tax holiday, there seems to be tentative agreement to extend that for the rest of the year. it will cost $100 billion to the national deficit. it will not be paid for. also within that bill there's a plan to attach unemployment insurance, as well as the medicare doc fix. there are important changes to both of those as to why it will get gop support in
buried deep in the obama budget is a massive $350 billion tax hike on business. that's right. it also includes $150 billion on offshore profits, another tax. these would be the biggest corporate tax hikes in the history of the earth. now, standing by to join us this evening, house budget chairman paul ryan. he's going to tell us how to stop all this and how to save america. but we begin tonight with some breaking news on another big tax story. this time we go back to the social security payroll...
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Jun 13, 2012
06/12
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compared to what, 700,000 jobs lost before obama took office. giving tax breaks to the rich, deregulating wall street, those are policy supported by romney, they do not work for the middle class of this country. >> you think dodd-frank works? has it done anything? >> first of all, a lot of the provisions have not been implemented yet. i think it's a modest step forward that has not gone far enough. >> thank you for being on the program, a good conversation. and more fire from capitol hill, one of dimon's questions will be in the hot seat, we have david vitter here, and the fed's near zero interest rate policy which vitter calls dangerous. we've been asking you how you think jamie dimon did today. we'll get your answers on the air. live from capitol hill, >>> welcome back, republican senator david vitter was among the senators questioning jamie dimon today, and he asked what kind of banking regulations could dimon endorse. listen to this. >> is there a true, real version of the rule that you think makes sense and should be implemented? >> i strug
compared to what, 700,000 jobs lost before obama took office. giving tax breaks to the rich, deregulating wall street, those are policy supported by romney, they do not work for the middle class of this country. >> you think dodd-frank works? has it done anything? >> first of all, a lot of the provisions have not been implemented yet. i think it's a modest step forward that has not gone far enough. >> thank you for being on the program, a good conversation. and more fire from...
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Dec 5, 2012
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we want to have obama care. we want to have universal coverage. tell me how we can do this in context of not making your businesses a nightmare. i wish that was the approach of the president. i remember when i went down two towns with bernanke. one was in south carolina and the other was dilapidated. i asked the mayors, they said we went to business and said, what do you need to make this right? and i wish the obama administration would -- >> indiana and illinois. >> the key thing for business competitivene competitiveness with regard to health care, it's the slowest on record. now, you could -- >> it's the recession. >> it could be. >> the slow growth -- >> that wouldn't explain all of it. it does feel like -- of course we need more data points. >> it sharply outpaces inflation. >> not in the last two years. >> it's come down. >> not if you are somebody who is at a small company who is -- >> business is -- the most important there is the growth in the cost of health care. if this is helping to bend the cost curve -- >> if you talk to small busine
we want to have obama care. we want to have universal coverage. tell me how we can do this in context of not making your businesses a nightmare. i wish that was the approach of the president. i remember when i went down two towns with bernanke. one was in south carolina and the other was dilapidated. i asked the mayors, they said we went to business and said, what do you need to make this right? and i wish the obama administration would -- >> indiana and illinois. >> the key thing...
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Dec 5, 2012
12/12
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the gop is under extreme pressure since president obama is definitely going to be seeing a wealthy tax added to it. on the economic news, little light tomorrow with initial claims at about 390,000, but the big story is really friday as we look to the jobs report. we believe that the effect of the payroll will be at 50,000 range due to the effect of hurricane sandy which could put our unemployment up to an 8% rate. >> all right. we'll be watching that. thanks very much to you both. we appreciate it. of course we'll be looking at this market and whether or not it loses the steam come the big rally today. ticktock, ticktock on the fiscal cliff. my thoughts on the story from timothy geithner. guess what, folks. i think we're going over the cliff. back in a moment. are system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in nu
the gop is under extreme pressure since president obama is definitely going to be seeing a wealthy tax added to it. on the economic news, little light tomorrow with initial claims at about 390,000, but the big story is really friday as we look to the jobs report. we believe that the effect of the payroll will be at 50,000 range due to the effect of hurricane sandy which could put our unemployment up to an 8% rate. >> all right. we'll be watching that. thanks very much to you both. we...
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Oct 18, 2012
10/12
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is tax reform dead if obama is re-elected? and will it just take -- we have to wait until mitt romney comes in. >> it's not dead. i'm sorry, david, i thought he directed the question at me. yeah, i'm afraid it is. you have to understand president obama struggles every day with his limitations, his vision is very constricted, he has no training, no experience, no imagination and worst of all, he has no willingness to consider a point of view that comes from outside his very, very seques r sequestered upbringing and experience, he just doesn't have the creativity to get beyond himself. >> got the leave it there. >> coming up on kudlow, the u.s. economy is the next big target for terrorism. the attempted bombing of the new york federal reserve, one example a string of cyber attacks on banks. and now ahmadinejad remains a debt laden country and he can't go on for long. ericans are alwao work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping gener
is tax reform dead if obama is re-elected? and will it just take -- we have to wait until mitt romney comes in. >> it's not dead. i'm sorry, david, i thought he directed the question at me. yeah, i'm afraid it is. you have to understand president obama struggles every day with his limitations, his vision is very constricted, he has no training, no experience, no imagination and worst of all, he has no willingness to consider a point of view that comes from outside his very, very seques r...
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Nov 30, 2012
11/12
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seth, president obama's plan is advocating tax increases but almost no net spending cuts. how do you resolve this crisis without cutting spending significantly? >> well, i don't think that's true at all. there's substantial spending cuts. i mean, first of all, we've already cut spending by $1.5 trillion as part of the first part of this deficit reduction framework. also in his offer is another $400 billion in cuts, targeted cuts to health care programs. i really think that we shouldn't, like you said, take the knife to fundamental programs like medicare and social security. the president's plan is the plan he presented to the american people and won the election on. certainly, the plans they would cut or fundamentally restructure medicare, those proposals -- >> i don't think that's what we're talking about, seth. >> does that do anything to the debt? >> that's a great question, maria. that's the biggest challenge with this proposal that the president put out. he's actually talking about new spending. additional payroll benefits, additional unemployment benefits. his very p
seth, president obama's plan is advocating tax increases but almost no net spending cuts. how do you resolve this crisis without cutting spending significantly? >> well, i don't think that's true at all. there's substantial spending cuts. i mean, first of all, we've already cut spending by $1.5 trillion as part of the first part of this deficit reduction framework. also in his offer is another $400 billion in cuts, targeted cuts to health care programs. i really think that we shouldn't,...
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Dec 27, 2012
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president obama ran not on spending cuts, but on tax increases for the wealthy. it's something that's going to happen next monday anyway or tuesday regardless of whether the president does anything or there's a deal or not. because it's just going to expire. >> he's known that all along. >> but the republicans ran on spending cuts. so they're the ones that ran on this. why don't they put up their spending cuts? the president didn't run on that. and the irony is when he did mention spending cuts, $716 billion in medicare cuts during the campaign, mitt romney and paul ryan and all the republicans, who wanted to do the exact same thing he did, they jumped on his case for proposing cuts to medicare. so how can you negotiate with a party that isn't serious about its own caucus, and isn't capable of controlling them and doesn't have a serious plan for dealing with spending cuts on its own, because it's afraid to take the heat? nobody wants to cut spending. let's just admit that. but if we're going to do it, somebody's got to take the heat and the republicans have been
president obama ran not on spending cuts, but on tax increases for the wealthy. it's something that's going to happen next monday anyway or tuesday regardless of whether the president does anything or there's a deal or not. because it's just going to expire. >> he's known that all along. >> but the republicans ran on spending cuts. so they're the ones that ran on this. why don't they put up their spending cuts? the president didn't run on that. and the irony is when he did mention...
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Nov 29, 2012
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to discuss middle class tax cuts and the dangers of the fiscal cliff. it is a factory i toured as part of our "how i made my millions" series earlier this year. what is this called? >> just a hopper. >> reporter: intricate creations constructed with a plastic product called k'nex, a build it yourself toy invented by this big kid, joel blickman at the age of 50. >> i really built k'nex for myself. >> reporter: he was so convinced everyone would clamor for the toy, he pitched it to mattel and hasbro. >> what ends up turning out was that none of the toy companies wanted it. >> how do you overcome the rejection? >> you get annoyed, which i did. and decide well, we'll do it ourselves. if they're that dumb, what they know can't be that difficult to learn. >> reporter: they developed their own packaging, started marketing it. at first, they shipped it out to a few local shops. >> and they make those toys all in america. p "power lunch" exclusive, the kroe ceo, michael erickson. why do you think the president chose your factory, your company to make his fiscal
to discuss middle class tax cuts and the dangers of the fiscal cliff. it is a factory i toured as part of our "how i made my millions" series earlier this year. what is this called? >> just a hopper. >> reporter: intricate creations constructed with a plastic product called k'nex, a build it yourself toy invented by this big kid, joel blickman at the age of 50. >> i really built k'nex for myself. >> reporter: he was so convinced everyone would clamor for the...
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Dec 27, 2012
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it's possible that obama will i have to rely upon the votes of retiring americans, maybe a mini deal will be done by that. but increasingly, it looks like we're heading towards going over the fiscal cliff, which isn't the end of the universe. but i was reading a piece this morning saying they can vote not to raise taxes, but lower them less. >> but they can still say to their constituents, i did not raise taxes. >> but i wonder what other impact there will be if they go over the cliff, so to speak? >> well, right now, we don't know what affect this is going to have on the market, there is a ceiling issue. >> the u.s. is kind of almost rules driven. we create these rules and create problems for ourselves and have to try to get around them. why, is there anything to like about this system which we're rightly limiting at the moment? >> i suppose you could argue that it's politically sensitive. it's sensitive to the election. rather than one consistent policy being followed, it reacts much better. there's a reason why obama is leading this thing right now. he won the election. he now has
it's possible that obama will i have to rely upon the votes of retiring americans, maybe a mini deal will be done by that. but increasingly, it looks like we're heading towards going over the fiscal cliff, which isn't the end of the universe. but i was reading a piece this morning saying they can vote not to raise taxes, but lower them less. >> but they can still say to their constituents, i did not raise taxes. >> but i wonder what other impact there will be if they go over the...
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Nov 13, 2012
11/12
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he said that president obama is not prepared to extend upper income tax cuts and that he also said despite some of the conventional wisdom here in washington, it's very hard to raise enough revenue just by limiting tax deductions, which is one of the proposals that's out there right now. he also said that it's never a good idea to put u.s. credit at risk ever. so maria, secretary tim geithner here weighing in on the fiscal cliff. >> all right. feels like everybody's digging in once again, eamon. we'll see what happens with that. thank you so much. eamon javers. my next guest has joined the fix the debt campaign because he thinks the uncertainty about taxes and regulations is holding back hiring and the economy. joining me right now, the ceo of new york stock exchange, duncan knead you are you are. good to see you. you're low-key after this tough couple of weeks we've had. i want to get to that in a moment. but you've joined the fix the debt campaign. >> we did. >> you and many other ceos have become really vocal about this. walk us through the implications. why is this so important to you?
he said that president obama is not prepared to extend upper income tax cuts and that he also said despite some of the conventional wisdom here in washington, it's very hard to raise enough revenue just by limiting tax deductions, which is one of the proposals that's out there right now. he also said that it's never a good idea to put u.s. credit at risk ever. so maria, secretary tim geithner here weighing in on the fiscal cliff. >> all right. feels like everybody's digging in once again,...
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Jul 18, 2012
07/12
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the bush administration, hank paulson is here today, moving in to the obama and geithner administration. we had brutal periods of time. what i'm saying is right now maybe this is to jimmy's point. things are not so bad compared to then. we need to do some political legislative business in washington and make some deals that make some sense if tim geithner is serious about the kind of long-term tax reform we talked about in that interview, then i am all for it. individual tax reform. corporate tax reform. let's lower the rates. let's get rid of the phony deductions and stuff we don't need. jim cramer and i helped pay through dividend tax cuts years ago. we were driving that process. and we were not working in the white house. we need to do good tax reform now. >> larry kudlow, thank you. >> good to see you. >> back to you, melissa. >>> coming up next, cramer on deck with the mad dash and take a look at the crowds here at the new york stock exchange this morning. anticipating mariana rivera ringing the opening bell. much more "squawk on the street" straight ahead. >>> all right. cue the s
the bush administration, hank paulson is here today, moving in to the obama and geithner administration. we had brutal periods of time. what i'm saying is right now maybe this is to jimmy's point. things are not so bad compared to then. we need to do some political legislative business in washington and make some deals that make some sense if tim geithner is serious about the kind of long-term tax reform we talked about in that interview, then i am all for it. individual tax reform. corporate...
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Nov 1, 2012
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he's talking about barack obama. now, i'll admit, that ain't much of an endorsement. you have to agree with me on that. >> i totally agree. when i read it, i was like, hey, where is the endorsement part? but here's the central part, guys, that he does make and we can't escape. part of of the point that he makes on romney's positions with climate change is the not just climate change itself, but where he was and then where he is now. this idea that romney has since put politics ahead of this good science. and that's where kellyanne references -- >> he did that -- >> hold on. his point is the mitt romney that he knew all those years ago is not the right ring guy running for president now. that's the poink he makes. point he makes. >> and that is what making this a close race because mitt has moved a little to the center. but another one i can't let go by. president obama now wants a secretary of business. ap-mitt romney's response is, hey, listen, i'm doing it. i got 25 seconds. i know how to get business. the other guy wants a secretary of business. this is the weirdes
he's talking about barack obama. now, i'll admit, that ain't much of an endorsement. you have to agree with me on that. >> i totally agree. when i read it, i was like, hey, where is the endorsement part? but here's the central part, guys, that he does make and we can't escape. part of of the point that he makes on romney's positions with climate change is the not just climate change itself, but where he was and then where he is now. this idea that romney has since put politics ahead of...
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Mar 5, 2012
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. >> simon, your point is well taken, other than a blip around president obama's tax policy, the republican primaries very little effect on the stock market. >> we will see what happens tomorrow night when we get the results from super tuesday. thanks, everybody. >>> looking at the movers and shakers, we got big movers in the individual sectors look at. brian shactman the cnbc realtime exchange with that angle. over to you, brian. >> thanks very much. look at the s & p from a sector perspective to start here, pretty defensive market, consumer staple, telecom, utilities positive. materials, by farther laggard today that recalibration after china's 2012 growth estimates, steel the hardest and most of the names seen the entire 2012 gains wiped out. freeport-mcmoran showing how much the miners are getting hurt, down 4% and cliff's natural down 3% for coal. we haven't talked about yelp today, right behind maria, if you saw the logo behind her, down more than 10%, almost 11%. you have to remember, priced a 15, opened at 22, now below that open price. ibm, flirting with 200 a share, now above it b
. >> simon, your point is well taken, other than a blip around president obama's tax policy, the republican primaries very little effect on the stock market. >> we will see what happens tomorrow night when we get the results from super tuesday. thanks, everybody. >>> looking at the movers and shakers, we got big movers in the individual sectors look at. brian shactman the cnbc realtime exchange with that angle. over to you, brian. >> thanks very much. look at the s...
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Nov 8, 2012
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john boehner said he'd pursue a deal with president obama that would include higher taxes under quote/unquote the right conditions to help. our next guest says obama's victory will lead to a risk on phase in markets especially when it comes to the u.s. dollar. joining us is dara mahr. >> it lasted for about 20 minutes, didn't it? we did say it would show how preoccupied the market is with this fiscal cliff. bam, bernanke, no china standoff, if that faded that quickly, it really just und underlines how important this fiscal cliff is for markets going forward. >> so much of the selling pressure we saw yesterday came during the european session and again today, we're seeing europe fall sharply not necessarily on what's happening out of the u.s., but apparently concerns about spain. >> yeah, i think we've had a confluence of events here. we had soft german numbers, we had draghi saying germany's been dragged into this eurozone crisis and i'm ready to buy bonds that won't push up inflation and of course we're all waiting for spain to ask for helpnd and the signal is that the market is gett
john boehner said he'd pursue a deal with president obama that would include higher taxes under quote/unquote the right conditions to help. our next guest says obama's victory will lead to a risk on phase in markets especially when it comes to the u.s. dollar. joining us is dara mahr. >> it lasted for about 20 minutes, didn't it? we did say it would show how preoccupied the market is with this fiscal cliff. bam, bernanke, no china standoff, if that faded that quickly, it really just und...
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Feb 24, 2012
02/12
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. >> you know, the obama administration recently released the corporate tax reform principles and outlines. i'm confused by one of the principles where you say that the issue is reducing loopholes, and yet this seems like you enshrine and/or add new loopholes, for manufacturing, and other sectors end up being winners and losers, and that's been a big criticism of the policy from the republicans. >> good question. let me explain what our proposal is. we want to clean up, eliminate, reduce dozens of special tax breaks in the tax code today so that we can lower the overall rate and improve incentives for investing in the united states. so, we propose to cut the rate by broadening the base and eliminating dozens of special benefits to particular industries and sectors. now, you are right, we are proposing to preserve a set of targeted and incentives for investment for research and development in the united states. we think that's a good long-term reform imperative. good for growth here. but we're going to replace dozens with a very narrow, very targeted set of things to make sure we're encoura
. >> you know, the obama administration recently released the corporate tax reform principles and outlines. i'm confused by one of the principles where you say that the issue is reducing loopholes, and yet this seems like you enshrine and/or add new loopholes, for manufacturing, and other sectors end up being winners and losers, and that's been a big criticism of the policy from the republicans. >> good question. let me explain what our proposal is. we want to clean up, eliminate,...
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Nov 29, 2012
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speaker, before the election you were asked whether if obama won, taxes would have to go up. you've made it sound like you would oppose that. now you've -- you're acknowledging that they will. >> the day after the election, i came here and made it clear that republicans would put revenue on the table. as a way to begin to move the process to get this resolved. >> right. so my question is, what -- what message do you have for people who look at the negotiating position and see that it's -- or believe that it's inevitable that you'll have to accept some compromise like the actual rates? >> revenue is on the table. but revenue was only on the table if there were serious spending cuts as part of this agreement. it has to be part of the agreement. we have a debt crisis. we're spending too much. and while we're willing to put revenue on the table, we have to recognize, it's the spending that's out of control. >> mr. speaker, roughly what size spending cuts do you think it would take to reach a deal on the fiscal cliff, and do you think that at least the promise of spending cuts has
speaker, before the election you were asked whether if obama won, taxes would have to go up. you've made it sound like you would oppose that. now you've -- you're acknowledging that they will. >> the day after the election, i came here and made it clear that republicans would put revenue on the table. as a way to begin to move the process to get this resolved. >> right. so my question is, what -- what message do you have for people who look at the negotiating position and see that...
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Feb 25, 2012
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i love it. >> the contrast between romney's lower tax rates and obama's massive tax rate increase is unbelievable, steve moore. romney should sell that and talk about that -- >> it means that he's reading the "wall street journal" editorial page and watching his kudlow report. because we've been saying this for six months. >> larry, you'd better take a breath. if t. seems like you're hyperventilating over this. >> africa i of course i am. >> this is your orgasmic dreamt come true. >> not that good. >> that's too much information for me. it worked so well in the bush years when you cut rates and -- no, it didn't, actually. and it worked so well under clinton when you raised rates on the rich and the economy -- no, it didn't. but i mean you can have your fantasy. i would hate to take that away from you. >> wait a second. >> mitt romney -- >> david corn, can i reintroduce you to john f. kennedy, who was the first post-war tax rate cutter -- >> you have to go back 50 years to prove your point? >> then you want to introduce to you ronald reagan -- >> 50 years you have to go back to -- >>
i love it. >> the contrast between romney's lower tax rates and obama's massive tax rate increase is unbelievable, steve moore. romney should sell that and talk about that -- >> it means that he's reading the "wall street journal" editorial page and watching his kudlow report. because we've been saying this for six months. >> larry, you'd better take a breath. if t. seems like you're hyperventilating over this. >> africa i of course i am. >> this is your...
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Dec 6, 2012
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president obama thinks they're about fairness. most americans, solid majority, want to see taxes raised on those upper income americans, even though only 19% think it will have much of an impact on deficits. it's not about the fiscal crisis. it's about fairness in the minds of most americans. president obama understands that and republicans don't. >> is that because in your polling day, i always thought that people favored spending reduction and favored smaller government. this may be a mistake that the gop has not emphasized spending cuts. >> they certainly do. most people -- two out of three people want to see a deal that includes both tax hikes and spending cuts. they want to see more spending cuts, but they don't expect spending cuts to come out of this no matter what happens. in fact, the one thing that most people in the middle class believe is that regardless of whether we go over the fiscal cliff or whether a deal is reached to avert that, middle class taxes are going up, and so is spending. so there's a lot of cynicism in
president obama thinks they're about fairness. most americans, solid majority, want to see taxes raised on those upper income americans, even though only 19% think it will have much of an impact on deficits. it's not about the fiscal crisis. it's about fairness in the minds of most americans. president obama understands that and republicans don't. >> is that because in your polling day, i always thought that people favored spending reduction and favored smaller government. this may be a...
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Jul 23, 2012
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if they want to raise taxes on business creators and cause further slow down vote for president obama. if they want the economy to come back with good jobs they ought to vote for me, in my view and whichever president is elected ought to get at least six months or a year to get policies in place. let's extend where we are now as opposed to looking at a cliff in january that would cause real distress for the economy and perhaps lead to the kind of outcome you suggest. >> what do you think president obama meant if you've got a business you didn't build it, someone else made it happen. he claims it's taken out of context. what do you think it means? do you think this is anti-business, anti-entrepreneur or maybe he's been treated unfairly? >> well, read the whole speech. i found the speech even more disconcerting than just that line. the context is worse than the quote. the context he says, you know, you think you've been successful because you're smart but he says a lot of people are smart. you think you have been successful because you work hard. a lot of people work hard. this is an id
if they want to raise taxes on business creators and cause further slow down vote for president obama. if they want the economy to come back with good jobs they ought to vote for me, in my view and whichever president is elected ought to get at least six months or a year to get policies in place. let's extend where we are now as opposed to looking at a cliff in january that would cause real distress for the economy and perhaps lead to the kind of outcome you suggest. >> what do you think...
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Dec 3, 2012
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there you see the obama offer in terms of what he has put on the table. he would like to see a bunch of new taxes particularly tax 92 creases, $960 billion and the key here is that what the president has offered in all told is $1.6 trillion in new tax revenues and what the speaker countered with today was $800 billion. you can see how far apart the two men are. there is a lot of negotiating to be done between here and there. >> what is your guesstimate on a counter? >> i think we have a counter at some point in the next couple of days. where they go in terms of those numbers i don't know because this would be the first time that either party has to move far off of its talking points. both parties made offers that are basically what the talking points are. now we get to the nitty-gritty. who is willing to show a little leg and compromise. >> quite a metaphor. >> whoa! >> you show a little leg. >> rise above, show a little leg. it's all the same. thank you. >> poor guy he is doing a serious report -- >> and then you guys chime in. >> the "fast money" hounds
there you see the obama offer in terms of what he has put on the table. he would like to see a bunch of new taxes particularly tax 92 creases, $960 billion and the key here is that what the president has offered in all told is $1.6 trillion in new tax revenues and what the speaker countered with today was $800 billion. you can see how far apart the two men are. there is a lot of negotiating to be done between here and there. >> what is your guesstimate on a counter? >> i think we...
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Dec 6, 2012
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>> it is interesting if you look at the negotiations that president obama offered this massive tax increase with no concessions and this sort of outrageous request on the debt limit which was a really aggressive first offer. and then the republican s countered with a moderate reasonable plan exactly modeled after a proposal by erskine bowles. so if you're trying to handicap the negotiations, you'd have to concede that dana is on to something. >> really. so -- >> at least like the starting point. so basically the starting point for the republicans is what president obama probably would have viewed as a victory if they had the negotiation. >> yeah, he wanted another 400 supposed supposedly. how does simpson-bowles get to -- how does it raise revenue? what's the number that it raises? >> well, it depends because they have a bunch of different simpson-bowles plans. like in the bowles-simpson report, there are three different tax plans and then the thing that the republicans modeled after was something that bowles said in a hearing. >> it's interesting when you look at what these plans are laid
>> it is interesting if you look at the negotiations that president obama offered this massive tax increase with no concessions and this sort of outrageous request on the debt limit which was a really aggressive first offer. and then the republican s countered with a moderate reasonable plan exactly modeled after a proposal by erskine bowles. so if you're trying to handicap the negotiations, you'd have to concede that dana is on to something. >> really. so -- >> at least like...
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Mar 28, 2012
03/12
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. >> president obama is talking about the bush tax cuts expiring. that means dividend taxes are going to triple. if they go above 40%, do you think that's going to mean a favorable place to put your money? >> well, that's a real issue but that's nine or ten months more away and i'm not convinced that that is going to happen. definitely a risk factor, no question. if tax rates triple, like you say, that challenge the balance in risk reward. definitely bears watching. although i think at this point it's speculation and the actions coming up in november, as we get closer to those, how they impact fiscal policy, business policy as well as business activity. i mean, i think there's a risk that we get further stimulus from the fed or even from a fiscal nature as we get closer to the election to try to enhance election results for one party or the other. >> we'll leave it there. thank you. we appreciate your time. >> thank you, maria. >>> banks among the big winners and on the session that certainly helped limit the losses for the dow. speaking of the dow,
. >> president obama is talking about the bush tax cuts expiring. that means dividend taxes are going to triple. if they go above 40%, do you think that's going to mean a favorable place to put your money? >> well, that's a real issue but that's nine or ten months more away and i'm not convinced that that is going to happen. definitely a risk factor, no question. if tax rates triple, like you say, that challenge the balance in risk reward. definitely bears watching. although i think...
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Feb 13, 2012
02/12
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why the big part of the budget involves doubling the dividend tax for some americans. >> here is how we finished the day. the market had a good advance, and still finished up 72 points. nasdaq up 27.5 and the s&p 500 up about nine points on the trading session. so, not bad. but secertainly not the highs o the trading session. >> right, as we were saying we thought we would have a bigger gain today. >> one would think. >> with barrons calling for dow 15,000. >> right, you would have thought it was more. keep in mind there were dispointsing economic news coming out of japan. >> there's always something, isn't there? >> there s even though the markets moved higher, we saw a light volume day. we are seeing a seasonally slow time for the markets but we will take it, right? let's look at what helped to drive the markets higher today. we saw strength in industrial stocks and telecom was stropger and financials have been strongstrong er throughout the year, utilities are toning to be down. the dow leaders included bank of america, which is up some 40 plus percent this year and jpmorgan and u
why the big part of the budget involves doubling the dividend tax for some americans. >> here is how we finished the day. the market had a good advance, and still finished up 72 points. nasdaq up 27.5 and the s&p 500 up about nine points on the trading session. so, not bad. but secertainly not the highs o the trading session. >> right, as we were saying we thought we would have a bigger gain today. >> one would think. >> with barrons calling for dow 15,000. >>...
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Dec 17, 2012
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raising their taxes, 3.6% on the obama rich is around 44 billion next year. raising taxes on boehner rich, that gives us about half that amount, about 20 billion. now aside from the smaller numbers of course, the boehner rich get income from capitol gains. raising their income tax rate has less of an impact. $20 billion is still a lot of money and boehner's offer is a good starting point. they a agreed to midpoint at 500 thousand, that could be good. but in government terms that is bet are for politics than for economics. >> and our viewers, smart punch. if they watched last week, they know we threw out this number. >> right. >> 3.million. that's the number of households filing income taxes. 3.2 million, that the number of households that also reported income below 500. so 83% of the rich are the working wealthy. they make between 200 and 500. >> that's in terms of population. now the income chart are really askewed when you get to the hospital. that top group on the average income for the 1 million plus group is 3.6 million. so the big chunk of income is rea
raising their taxes, 3.6% on the obama rich is around 44 billion next year. raising taxes on boehner rich, that gives us about half that amount, about 20 billion. now aside from the smaller numbers of course, the boehner rich get income from capitol gains. raising their income tax rate has less of an impact. $20 billion is still a lot of money and boehner's offer is a good starting point. they a agreed to midpoint at 500 thousand, that could be good. but in government terms that is bet are for...
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Dec 13, 2012
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we're going to have to see what happens and if we hear from john boehner and president obama after this meeting which will probably only do if some breakthrough occurs. >> all right, john, thank you. keep us posted. we will go back to john in d.c. if any developments do happen here at this point. we mentioned at the top of the show, press conferences between, you know, we got boehner and we got reid and where do we get at the end of the day? really nowhere. >> i don't think you can chalk this up to really, you know, the volleys we're talking about that seem quite pathetic and boehner saying he's going back to ohio, you know, come get me if you've got something to say. this stuff is hitting the tape and kind of silly. this is, to me, the market's reaction is just hangover from the fed getting out of the way. if you look at markets right now, we have some major resistant levels and i do think this is a technical call as much as anything. i don't think markets have broken down here, but i think we have a decent place to play right back into 1380 before you have to worry. >> totally agree.
we're going to have to see what happens and if we hear from john boehner and president obama after this meeting which will probably only do if some breakthrough occurs. >> all right, john, thank you. keep us posted. we will go back to john in d.c. if any developments do happen here at this point. we mentioned at the top of the show, press conferences between, you know, we got boehner and we got reid and where do we get at the end of the day? really nowhere. >> i don't think you can...
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Jun 11, 2012
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and 23-year-old crystal reas claimed a $2.1 million tax refund. she was arrested and charged after a spending spree. she got caught because she reported her car lost. when we come back, we discuss the obama line and discuss his chances of re-election. "the kudlow report" will be right back. if you made a list of countries from around the world... ...with the best math scores. ...the united states would be on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of the class. let's solve this. but they can be really well thexpensive.ted a puppy, so to save money i just found them a possum. dad, i think he's dead. probably just playin' possum. sfx: possum hisses there he is. there's an easier way to save. geico. fifteen minutes could save you fifteen percent or more on car insurance. >>> welcome back to "the kudlow report." i'm larry kudlow. in this half hour, not even a hundred billion dollar bailout of spanish banks could drive stocks higher. the dow closed 143 points in the red despite rallying for
and 23-year-old crystal reas claimed a $2.1 million tax refund. she was arrested and charged after a spending spree. she got caught because she reported her car lost. when we come back, we discuss the obama line and discuss his chances of re-election. "the kudlow report" will be right back. if you made a list of countries from around the world... ...with the best math scores. ...the united states would be on that list. in 25th place. let's raise academic standards across the nation....
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Feb 22, 2012
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think the obama people have got to do both sides, they've got to get the tax rate right and get more confidence in the business community, that there's long-term policy in place that they can rely on. so that when you make an economic bet, you feel you're not going to be second-guessed by the government. >> matthew bishop, great piece in the "economist." i'm saving you in a way. because joe chided me for a good -- i thought you were going to say 28 is too high. >> 28 is too high. >> arguing over the tax rate. >> you have a flatter tax. that's my point. you saw what the republican candidates are proposing. they're at 28, they're not at 25, they're down at 12.5. >> mitt romney is 15. >> i said republican. >> coming up, the "squawk box" trading bloc is standing by with how to play the latest market moves. >>> and a special report, the iran threat. chief current brings us the latest on trade sanctions live from where the tension is building. >>> "squawk box" has entered the twitter sphere. >>> be sure to add andrew and becky to your list of must follows. andrew's handle, and ruersorkin.
think the obama people have got to do both sides, they've got to get the tax rate right and get more confidence in the business community, that there's long-term policy in place that they can rely on. so that when you make an economic bet, you feel you're not going to be second-guessed by the government. >> matthew bishop, great piece in the "economist." i'm saving you in a way. because joe chided me for a good -- i thought you were going to say 28 is too high. >> 28 is...
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Jun 5, 2012
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with an election looming, i don't see any part to come over to obama side and provide tax cuts for employment that he has suggested, provide the help to state and local governments that he suggested. i think we're basically unfortunately at a stalemate until election day. what president clinton has to do with collaboration, and hopefully we will have it after election day and need it for public sector and private sector and important things happening with the imf and he's not sure whether and the ecb we've already seen action on that. >> i think he's right about that. i don't think there's any political ill will for u.s. taxpayers bearing our own financial burdens right now to turn around and bail out europe. i think germany needs more time to see what the european central bank does and see in another week or so. >> what about you? >> i'm the same. i think what the united states ought to do is take a wait and see attitude right now. the imf as well. it is really up to europe and, unfortunately, europe is in a real predicament. angela merkel is under tremendous pressure. it's not clear she wil
with an election looming, i don't see any part to come over to obama side and provide tax cuts for employment that he has suggested, provide the help to state and local governments that he suggested. i think we're basically unfortunately at a stalemate until election day. what president clinton has to do with collaboration, and hopefully we will have it after election day and need it for public sector and private sector and important things happening with the imf and he's not sure whether and...
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Nov 15, 2012
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next year with obama care's health care taxes. and investors are locking in profits that they know at 15% on dividends and cap gains now in assets that have gained in the last several years versus waiting. we really don't know what's going to happen. >> as we wait for the statement from mr. bernanke in about two minutes now, talk to me about dividend paying stocks. they've really been hit very hard in the last week or so as the election results came out, as we hear the republicans and the democrats and the president trying to hash all of this out. would you avoid dividend paying stocks or do you just have to be very particular about which ones you chose? >> i wouldn't avoid them. dividends are an integral part of total return in equities. that's not going away, the tax efficiency of those returns has been great the last ten years. that may be declining at some level and that may be investors reallocating capital based on after-tax returns which is a smart thing to do. you may see more buybacks an money staying in share prices goin
next year with obama care's health care taxes. and investors are locking in profits that they know at 15% on dividends and cap gains now in assets that have gained in the last several years versus waiting. we really don't know what's going to happen. >> as we wait for the statement from mr. bernanke in about two minutes now, talk to me about dividend paying stocks. they've really been hit very hard in the last week or so as the election results came out, as we hear the republicans and the...
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Nov 14, 2012
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all right. >> obama's $250,000 cutoff would mean higher taxes for lots of americans, including many small business owners. why aren't small business leaders at obama's ceo meeting today? they're not the only ones who aren't there. we'll debate next as this special edition of "street signs" continues next. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems breathing
all right. >> obama's $250,000 cutoff would mean higher taxes for lots of americans, including many small business owners. why aren't small business leaders at obama's ceo meeting today? they're not the only ones who aren't there. we'll debate next as this special edition of "street signs" continues next. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others...
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Dec 26, 2012
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president obama is coming back early as you mentioned, from his vacation in hawaii, but a senior white house official tells me they have seen no signs yet of progress toward a deal, so, everybody is going to have to wait for a couple of days. >> so, there's no indication at this point that there are any scheduled meetings tomorrow or anything to that effect, press conferences, news conferences to update the american people on what is going on in d.c.? >> everybody's got telephones, so, there's doubtless conversations going on. senate doesn't get back until late tomorrow. president gets back late tomorrow. the house is not back, but all of the leadership types, all the important players in any potential resolution of this are going to be in contact with one another and the likelihood that they will be in contact increases with every passing hour. >> john, stick around. i want to bring in anthony, who is on the desk here tonight. he was on the finance committee for mitt romney in his presidential bid. and what your sources are telling you is what in terms of if we reach a deal. >> i've t
president obama is coming back early as you mentioned, from his vacation in hawaii, but a senior white house official tells me they have seen no signs yet of progress toward a deal, so, everybody is going to have to wait for a couple of days. >> so, there's no indication at this point that there are any scheduled meetings tomorrow or anything to that effect, press conferences, news conferences to update the american people on what is going on in d.c.? >> everybody's got telephones,...
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Sep 11, 2012
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obama is a bunkler, habitually pushes for tax increases, doesn't know how to close a deal. that's an obvious interpretation. does obama-care that much if he got a deal? does debt help him in some way because obama has been so promiscuous and reckless about spending, running up the debt, 5 trillion in the first term, if he ran another 5 trillion in the second term, the national debt would be 20 trillion dollars and he would be responsible for half of that. i almost wonder if debt serves a purpose for obama. >> let me come back to that. woodward says at one point there is no adult supervision in the white house. very interesting. do you agree with denesh at the end of the day, president obama doesn't really care, run up the debt and spend more. is that his strategy, deliberate ly sabotage the debt deal last year? >> let's look at the evidence. the question who cared about closing the deal. according to woodward's reporting, the president put out a counselor offer, called it to john boehner, didn't get a call back, called again and didn't get a call back. in an unusual develop
obama is a bunkler, habitually pushes for tax increases, doesn't know how to close a deal. that's an obvious interpretation. does obama-care that much if he got a deal? does debt help him in some way because obama has been so promiscuous and reckless about spending, running up the debt, 5 trillion in the first term, if he ran another 5 trillion in the second term, the national debt would be 20 trillion dollars and he would be responsible for half of that. i almost wonder if debt serves a...
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Jun 13, 2012
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these things aren't going to be helped if obama is re-elected. they know things are going to get better with the tax code if romney is elected and things will be more clear. >> let me ask you this. the stock market has done well under barack obama. i know it comes from a rock bottom level. many obama supporters said to me on the show and they are right. basically stocks have doubled from the lows. no one gives obama credit. since obama hates capitalism in the stock market he never talks about it, but hi ought to. stocks have liked obama. >> they like what the fed has done. we have had the easiest policy in this country. we poured money into the economy. in the long term a lot of the policies particularly from the fiscal side are dangerous for stocks and are unsustainable. i want to point out probably the best relationship we ever had was with bill clinton and the republican congress. they kept in check the spending. bill clinton was dragged to the center. i'm concerned that if you have a full sweep on the republican side, power has always corrupt
these things aren't going to be helped if obama is re-elected. they know things are going to get better with the tax code if romney is elected and things will be more clear. >> let me ask you this. the stock market has done well under barack obama. i know it comes from a rock bottom level. many obama supporters said to me on the show and they are right. basically stocks have doubled from the lows. no one gives obama credit. since obama hates capitalism in the stock market he never talks...
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Feb 8, 2012
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obama has had every chance, not just for reform but fundamental tax reform, to code and federal code, why do they go down this road and a guy like bernanke who got it right, finally he got something right, he said let's not raise taxes at all. can i under score at all in kind of economy? >> he is right, and jared makes a good point, you cannot reform the income tax without doing all the others. but if you look at the estate taxes, you cannot tax things three, four, five times. they have paid their money and taxes and they made their money by the book, and they will pop the rate up to 55% on these people that is rotten. that is rotten. >> jared you get the last word. >> a lot of moving parts there, first of all, bernanke did not say never raise taxes, he said 2013. >> that is what we are talking about, less than a year. >> outside of the high end bush tax cuts i do not disagree with that. on corporate tax reform, you'll hear about it in days if not weeks coming from the white house, what we will do is come back here and talk about the broader base and lower rates, something that you a
obama has had every chance, not just for reform but fundamental tax reform, to code and federal code, why do they go down this road and a guy like bernanke who got it right, finally he got something right, he said let's not raise taxes at all. can i under score at all in kind of economy? >> he is right, and jared makes a good point, you cannot reform the income tax without doing all the others. but if you look at the estate taxes, you cannot tax things three, four, five times. they have...
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Jul 30, 2012
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when barack obama ran he didn't spend an enormous amount of time talking about his prior career. most presidential candidates talk about what they'll do when they're elected, and that's appropriate. >> i looked at your tax return over the past ten years, i'm not saying i wouldn't be happy but do you think the american public would find that acceptable in this day and age? >> i've paid enormous amount of taxes, so i never thought when i was working in the white house that i'd be paying as much taxes as i have paid. i'm proud to pay them. i'm glad i can afford to pay them and i pay an enormous amount of taxes to federal, state and local governments and that's appropriate thing for a citizen to do. >> enormous terms, dollar terms or percentage terms. mitt romney has paid an enormous amount of taxes but the percent has been lower and that's where the rub has come in. i'm not asking for your taxes returns. >> i would say i paid enormous amount of the quantitative dollars. >> turn this back to mitt romney's taxes, he's paid an enormous amount of quantitative dollars. the argument is he
when barack obama ran he didn't spend an enormous amount of time talking about his prior career. most presidential candidates talk about what they'll do when they're elected, and that's appropriate. >> i looked at your tax return over the past ten years, i'm not saying i wouldn't be happy but do you think the american public would find that acceptable in this day and age? >> i've paid enormous amount of taxes, so i never thought when i was working in the white house that i'd be...
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Oct 19, 2012
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what i hear is obama just wants more green energy, more tax increases, more spending on teachers. where's the change? >> well, first off, i'm curious as to what romney's changes in entitlements are going to be because i would love to see him run on that in florida. why doesn't he come out in the open and talk about how he's going to cut medicare, how he's going to cut medicaid, how we're going to -- how he wants to basically -- he wants to get rid of what he calls obama care. i mean, there you're going to kick a lot of people off of health insurance. you're going to -- >> what is the president's long-term debt plan? because listen, tim geithner says we don't have a plan. has he gotten a plan since tim geithner said that? what is his long-term debt plan? >> frankly, i think what we should be doing at this point is borrowing more money. >> none. that's the answer. none. this debt is going to explode. >> no. you keep saying this debt's going to explode. this debt is actually -- listen, the deficit is a smaller part of gdp than it was on the day he came into office. he has a smaller d
what i hear is obama just wants more green energy, more tax increases, more spending on teachers. where's the change? >> well, first off, i'm curious as to what romney's changes in entitlements are going to be because i would love to see him run on that in florida. why doesn't he come out in the open and talk about how he's going to cut medicare, how he's going to cut medicaid, how we're going to -- how he wants to basically -- he wants to get rid of what he calls obama care. i mean,...
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Jul 25, 2012
07/12
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it's an obama care problem. i mean, the senate voted today to raise taxes on top earners and investors. i think that's what's plaguing the stock market. that's what's plaguing the economy. the fed's money creation. i don't think that's plaguing it. they have already created enough money. >> they wouldn't disagree with you about the problems you listed. the question that bernanke asks himself, is there anything i could do to help, even a little bit? it's not going to solve the world's problems, but even if there is a little something i can do to help, can i? if the answer is yes then they will do more. he's not going to wait. >> okay. ace reporter of the wall street journal, thank you, jon. >>> up next, the democratic tax the rich proposal could send stocks spiralling down. it could push us into a recession. it might have even moved the market down today. i don't know. don luskin is here ready to share wisdom about tax cliffs and other things. we'll be right back on "the kudlow report." flu so... [ gasps ] these
it's an obama care problem. i mean, the senate voted today to raise taxes on top earners and investors. i think that's what's plaguing the stock market. that's what's plaguing the economy. the fed's money creation. i don't think that's plaguing it. they have already created enough money. >> they wouldn't disagree with you about the problems you listed. the question that bernanke asks himself, is there anything i could do to help, even a little bit? it's not going to solve the world's...
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Feb 22, 2012
02/12
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. >>> we're going to talk more taxes as the obama administration plans to discuss the details on pressure to raise the u.s. companies. [ male announcer ] the draw of the past is a powerful thing. but we couldn't simply repeat history. we had to create it. introducing the 2013 lexus gs, with leading-edge safety technology, like available blind spot monitor... [ tires screech ] ...night view... and heads-up display. [ engine revving ] the all-new 2013 lexus gs. there's no going back. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> good morning and welcome back to the show. the obama administration will spell out details today of pl
. >>> we're going to talk more taxes as the obama administration plans to discuss the details on pressure to raise the u.s. companies. [ male announcer ] the draw of the past is a powerful thing. but we couldn't simply repeat history. we had to create it. introducing the 2013 lexus gs, with leading-edge safety technology, like available blind spot monitor... [ tires screech ] ...night view... and heads-up display. [ engine revving ] the all-new 2013 lexus gs. there's no going back. ♪...
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Jun 5, 2012
06/12
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i asked him about taxes and whether or not this was the same group that president obama has been attacking, saying that they're going to be paying higher taxes and they want a fair share. we got into fair sharedness a bit on taxes given that 50% of the country pays no income tax, brian. >> of course, we're going to get your full interview with him on "closing bell," right, maria? >> that's right. that'll come up next hour, guys. >> look forward to it. thank you very much for that. sounds like a very wide ranging interview. >> you saw the president kind of hedge when she asked him should we raise taxes. that's tough for the democrats right now sfl a very difficult topic. >>> coming up, winner take all. moyo on china's big resource grab. >>> the curse of the $100 million mansion. why the super rich, the poor buggers, are taking a bath on these trophy mohomes. this is a sob story if you've ever heard one, folks. there's a lesson here. never buy a $100 million mansion. how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research provi
i asked him about taxes and whether or not this was the same group that president obama has been attacking, saying that they're going to be paying higher taxes and they want a fair share. we got into fair sharedness a bit on taxes given that 50% of the country pays no income tax, brian. >> of course, we're going to get your full interview with him on "closing bell," right, maria? >> that's right. that'll come up next hour, guys. >> look forward to it. thank you very...
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Dec 21, 2012
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obama i believe, contrary to 208108 when he needed to be re-elected and actually extended tax rates for everybody because he didn't want there to be a recession now no longer has that pressure. he can be an ideologue. the average american and the average reporter, frankly, who doesn't really understand economics needs to have on the table something that says to obama, here. you said that you wanted to extend the present tax rates for everyone who was not a millionaire. we're offering you this. so the burden goes from the republicans raised tax rates to obama didn't follow through -- >> lost, heather, already lost. >> barely raised. not all right lost. the entire media story has been on the taxing side. appalling they never talked about the divisions on left about spending cuts. >> let me explain. when i say been lost. we already had the issue? nancy pelosi talking about a million. the president who ran the campaign, the number 250. the idea that a million versus 250 or 400 means the president is going back on his word, that's not how the american people see when look what was said durin
obama i believe, contrary to 208108 when he needed to be re-elected and actually extended tax rates for everybody because he didn't want there to be a recession now no longer has that pressure. he can be an ideologue. the average american and the average reporter, frankly, who doesn't really understand economics needs to have on the table something that says to obama, here. you said that you wanted to extend the present tax rates for everyone who was not a millionaire. we're offering you this....
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May 9, 2012
05/12
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budget and in obama care, the dividend tax is going to 45% from 15%, and the capital gains tax is going to 24% from 15%. it will damage savers. it will damage retirees. it will make the united states uncompetitive and will give us the highest investment tax rates in the world, jared. jared, how can you be so anti-business as to propose these things? >> our businesses have done totally fine under a tax regime like the one you are describing. when we shift around -- >> we're losing jobs. >> sir, can you let me finish? when you shift around these tax rates for dividends and capital gains, what you find is that people simply change the timing of the realization. sorry, go ahead, sir. >> with the spending trajectory that this administration has put us on, if they don't change it, we're going to have tax rates that make the socialist government in france blush. we will have the single highest marginal rate. i want an example in history of a country that has managed to either bail out these acts or borrow its way to economic prosperity. >> i'm going to have to call my good friend jared bernste
budget and in obama care, the dividend tax is going to 45% from 15%, and the capital gains tax is going to 24% from 15%. it will damage savers. it will damage retirees. it will make the united states uncompetitive and will give us the highest investment tax rates in the world, jared. jared, how can you be so anti-business as to propose these things? >> our businesses have done totally fine under a tax regime like the one you are describing. when we shift around -- >> we're losing...
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Jul 12, 2012
07/12
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the bush tax cuts but only for those who make $250,000 or below, which would mean that taxes would rise for those above $250,000, which means that municipals actually are more valuable to them. >> all right. alexandra, thank you for coming by. we appreciate it. so looking for a way to play rising food prices? then you're in luck because the children of the corn trade isn't over yet. we're giving you more of the best plays right after this. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. i bought the car because of its efficiency. i bought the car because i could eliminate gas from my budget. i don't spend money on gasoline. it's been 4,000 miles since
the bush tax cuts but only for those who make $250,000 or below, which would mean that taxes would rise for those above $250,000, which means that municipals actually are more valuable to them. >> all right. alexandra, thank you for coming by. we appreciate it. so looking for a way to play rising food prices? then you're in luck because the children of the corn trade isn't over yet. we're giving you more of the best plays right after this. sometimes investing opportunities are hard to...
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Nov 7, 2012
11/12
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but bill clinton raised taxes just like president obama did. >> bill clinton also cut taxes, and bill clinton was a different man after 1994. he was a different man and i want to know whether he'll do this again. >> i want to go to democracy plaza in new york city because brian sullivan is there. he's going to tell us also the results in the senate. over to you, brian. >> yeah, thank you very much, maria. listen, i mean, right now there's certainly going to be talk tomorrow for everything you're hitting on. the unemployment rate is still too high. will we get a deal on the fiscal cliff? i can bring you color from here. not the blue and red on the map, i'm talking about the crowd. when those results you announced at the top of 11:00 came out, an audible cheer, chants of "four more years," people hugging over here, cars honking over here. i can't speak for the rest of the country, maybe with the exception of chicago. there's a lot of jubilation right here in democracy plaza. you can tell this yehere arounds a very pro-obama crowd. i think you bring up a great point. when we wake up tomo
but bill clinton raised taxes just like president obama did. >> bill clinton also cut taxes, and bill clinton was a different man after 1994. he was a different man and i want to know whether he'll do this again. >> i want to go to democracy plaza in new york city because brian sullivan is there. he's going to tell us also the results in the senate. over to you, brian. >> yeah, thank you very much, maria. listen, i mean, right now there's certainly going to be talk tomorrow...
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Aug 6, 2012
08/12
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we shouldn't be doing wit the people's tax money. >> all right. new numbers show that team romney has raised more money than team obama in the latest month, $101.3 million versus $75 million. is all of this money in politics a good thing, a bad thing? going to affect the election? what do you say? >> i think it doesn't affect the election. it is a zero sum guy. one guy gets money, one guy has to compete with it. it tells you who's ahead. if you have a really good organization, you can bring money in. rather than affecting the election, what the money race tells us is really predicts the electoral outcome. >> robert? >> well, from a wealth perspective, this is really about what the big donors are doing. the guys giving millions to the superpac and learned that they support romney but largely because -- not because of taxes which is the assumption but because they think romney is the number one guy to fix the economy which they think is the number one issue. so i think that's why so many of the big funders are leaning toward romney. >> people will d
we shouldn't be doing wit the people's tax money. >> all right. new numbers show that team romney has raised more money than team obama in the latest month, $101.3 million versus $75 million. is all of this money in politics a good thing, a bad thing? going to affect the election? what do you say? >> i think it doesn't affect the election. it is a zero sum guy. one guy gets money, one guy has to compete with it. it tells you who's ahead. if you have a really good organization, you...
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Nov 28, 2012
11/12
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support from those ceos and get them to provide air cover for members of congress to vote for some tax increases. >> john harwood at the white house for us on the north lawn. as we just listened to president obama in front of the middle-class taxpayers make comments regards the fiscal cliff, saying he hopes to get a deal done before christmas. >>> on the way we'll have more analysis of this cliffhanger with two white house insiders who say we very well might go over the fiscal cliff. not exactly words that the markets perhaps are prepared to here. tony fratto, the former deputy press secretary under president george w. bush, and jared bernstein. both men will join us life. >>> and the man many believe should have gotten the top post at yahoo. what ross levinsohn thinks, and of course the direction that marisa mayer is taking right now. >>> you won't believe what the ceo of groupon just said at a conference in new york city. we're going to tell you exactly what it is, just after the break. with the fidelity stock screener, you can try strategies from independent experts and see what cri
support from those ceos and get them to provide air cover for members of congress to vote for some tax increases. >> john harwood at the white house for us on the north lawn. as we just listened to president obama in front of the middle-class taxpayers make comments regards the fiscal cliff, saying he hopes to get a deal done before christmas. >>> on the way we'll have more analysis of this cliffhanger with two white house insiders who say we very well might go over the fiscal...